You have reached your limit of free articles this month.

Enjoy unlimited access to SpringfieldNewsSun.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and interactive features. Starting at just 99c for 8 weeks.

X

Welcome to SpringfieldNewsSun.com

Your source for Clark and Champaign counties’ hometown news. All readers have free access to a limited number of stories every month.

If you are a News-Sun subscriber, please take a moment to login for unlimited access.

Breaches cost billions, but few take right steps to stop them


Cybercrime could cost U.S. businesses as much as $140 billion annually, but a professional hacker told a group of Springfield area employers Tuesday that few companies are taking the right steps to protect themselves from data breaches.

The Advanced Technical Intelligence Center and Avetec hosted a conference n Springfield, focusing on the variety of ways hackers can breach a security system, what they are looking for and why they might be motivated to do so.

The costs to businesses and individuals can be significant, as a recent massive data breach at Target has shown. A 2013 report from the Center for Strategic and International Studies showed the cost of cyber crime in the U.S. annually could range from about $20 billion to $140 billion.

Those crimes can also damage a company’s reputation, lead to a loss of jobs and make nations less secure through theft of military technology.

Often, companies and individuals have a false impression of what a hacker is, and don’t understand the risks associated with new technologies, said Dave Chronister, managing partner at Parameter Security. The St. Louis-based company is an ethical hacking firm that works with companies to test its security and provide training.

The idea that hackers are typically organized groups operating in secret is a myth, Chronister said. In reality, many hackers openly share information with each other, and can range from bored teenagers to government agencies.

“This is not a small group of people and they do not operate in the dark,” he said.

A hacker’s motivation might range from idealism to theft to revenge, but the end result is a loss of privacy and information, Chronister said.

Too often, companies spend money to make sure they are compliant with established practices, Chronister said, and believe firewalls and other security systems will protect their servers. But in many cases, hackers are instead looking for data available on an employee’s computer because it is easier and less risk is involved.

Companies also often have a false sense of security that hackers are looking at their information in the same way the company sees it. Instead, hackers often are just seeing what data is available and how it can be used.

“We expect them to go after the most valuable target,” Chronister said. “This is ridiculous.”

One of the goals of the event is to make businesses think more closely about how they protect their information, said Tim Shaw, a retired FBI agent and director of education for the Advanced Technical Intelligence Center in Beavercreek.

It’s also important to increase trust between businesses and law enforcement officials, Shaw said. Some companies are reluctant to admit that their data has been breached because it might reflect negatively on them. But Shaw said there’s a better chance to minimize damage by working closely with law enforcement.

A shortfall in workers trained to look for suspicious activity online is projected in the coming years, Shaw said. So ATIC will begin offering a 10-week training program beginning in May.

The event was co-sponsored by the Greater Springfield Chamber of Commerce. Security is a critical issue for area businesses, said Horton Hobbs, vice president of economic development at the chamber. He said the chamber also wants to support activities at the NextEdge Applied Research and Technology Park in Springfield, where Avetec is located.

Chronister argued the severity of hacking is not necessarily increasing, but businesses are becoming more aware of it. However, until companies start to focus more on preventing attacks and minimizing risk, hackers will continue to have an edge.

“It’s like the New York Mets against a T-ball team and they’re winning,” he said.



Reader Comments ...


Next Up in Business

Spring cleaning your computer

As you’re doing spring cleaning around the home, don’t forget about your computer! It needs taken care of, too. Here are a few things you should consider doing to keep your computer in tip-top shape: Run a malware scanner to remove junk: Along with having an anti-virus installed, consider a secondary anti-malware program. They can catch...
Potholes costly for state, motorists
Potholes costly for state, motorists

Earlier this month, Anna Gros of Fairborn was driving home when she turned onto Interstate 675 and hit a large piece of concrete sticking out of a pothole. The large piece of debris blew out a back tire on the car, causing her to lose control and swerve into another lane on the highway. “I was able to control my car. I was blessed,” she...
Local bike trails attracting worldwide attention
Local bike trails attracting worldwide attention

The 2017 International Trails Symposium is coming to Dayton May 7 to 10, investing what organizers expect will be $1 million into the region and showcasing what a Five Rivers MetroParks director calls “the outdoor adventure capital of the Midwest.” The American Trails bi-annual symposium was attracted to Dayton by what Janet Bly, Miami...
Fuyao to raise workers’ pay

Fuyao Glass America’s manufacturing plant is giving all hourly associates a $2-an-hour raise, the company said Thursday. The success at the company’s Moraine plant is becoming more apparent as just two weeks ago Fuyao’s president said he expects the manufacturer to break even this year. On Thursday, the company’s billionaire...
RETAIL ROUND-UP: 3 stories about Cabela’s, RadioShack, Starbucks
RETAIL ROUND-UP: 3 stories about Cabela’s, RadioShack, Starbucks

If you missed out on some of your retail and business news this week, here’s what you need to catch up on before the weekend. Early on in the week, another teen clothing retailer announced it was closing 400 stores nationwide — including some locations in Ohio. Clothing store rue21 announced it is planning on closing hundreds of stores...
More Stories